Energy Markets
Oil prices rise as supply tightens; opinions on Trump's auto tariff impact are mixed
The oil prices rose on Thursday due to concerns over tighter supply globally after the U.S. threatened tariffs on Venezuelan buyers. Market players were also weighing the impact of Donald Trump’s latest announcement about auto tariffs. Brent crude futures rose 14 cents or 0.2% to $73.93 per barrel. U.S. West Texas Intermediate Crude Futures rose by 14 cents or 0.2% to $69.79 per barrel at 0049 GMT. The price of oil rose by around 1 percent on Wednesday. This was due to government data that showed U.S. crude and fuel inventories had fallen last week and the threat from the...